Retro apartment in the heart of Omotesando

Price: 37,800,000 Yen SOLD
Location: Kita-aoyama, Minato-ku, Tokyo

Price per sqm: 866,000 Yen

This vintage apartment just behind Omotesando Station has had a full renovation with new natural wood floors, all new water pipes, and new kitchen and bathroom. The renovation was planned by Keiji Ashizawa Design firm – their work is often featured in international design magazines such as Wallpaper, I.D. Magazine and Elle Decor.

The studio space can be converted into a 1-bedroom apartment. Because of its location, the apartment could also be used as a home-office. The apartment is just next to the trendy Jingumae 5 Chome area, and is located just behind the new AO Building and up the street from the UN University.

The average apartment price in this building is 1,032,000 Yen/sqm (1230 USD/sqft). The average rent is 4990 Yen/sqm/month, so this apartment could be potentially rented out for 215,000 Yen/month which would provide a gross annual return of 6.82%.

Location:

Omotesando Sta. – 4 mins
Meijijingumae Sta. – 10 mins
Shibuya Sta. – 12 mins

Details:

Shuwa Kita Aoyama Residence 3F
Price: 37,800,000 Yen SOLD
Size: 43.65sqm (470 sqft)
Built: 1970
Construction: 7 Stories
No. of units: 48
Land ownership: Freehold
Management fees: 11,900 Yen/month
Repair fund fees: 15,800 Yen/month

Floorplan: